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All Forum Posts by: Kenneth Burdick

Kenneth Burdick has started 11 posts and replied 56 times.

Post: Tenant brought a friend while touring the unit

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23

Just out of curiosity...what is the risk you are guarding against in the event that he's lying to you and the coworker does move in? Not being facetious, just trying to understand the thought process better.

Post: Looking for Investor friendly agents/contractors in Inland Empire

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23

I would highly recommend reaching out to Walid Milad with WM Real Estate Group. He is a very proficient agent, but also a loan officer and has experience and deep connections with renovations. Knowledgeable about flips and real estate investing as well. Has a varied skillset that can serve you well.

Post: Just launched STR in Lake Arrowhead! Support & feedback.

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23

You did a great job with the place and I don't think the move toward luxury will come back to bite you. That's what people in LA and OC are looking for when they go somewhere like Arrowhead - Rustic surroundings, but luxurious living accommodations at the same time. Best of luck!

Post: Is it possible to start out in Southern California with $35k?

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23
Quote from @Nathan Gesner:
Quote from @Harrison Colunga:

I know in Southern California standards $35k is not a lot and wont get me as far as if I were to start out of state. I would start out of state but I have 0 connections and get analysis paralysis while trying to find a solid market. Especially in this economy I am nervous to start. Any suggestions? 


 The first thing you need is a shift in mindset. All I hear are excuses for why you can't buy. You should be asking "how can I...?"

You can purchase with 5% down, sometimes less. Find an off-market property for below market prices. Find someone with money to partner with you. Do a house hack. 

Instead of spending four hours watching TV every night, playing Fortnite, or partying with friends, read books, listen to podcasts, attend networking events, study the market, walk neighborhoods talking to people and looking for deals, etc. Instead of complaining about the lack of funds, get a second job, educate yourself for a better-paying job, ask your boss for a raise, find side hustles, sell your car, etc.

People that find success are people that do things different than the majority of society. They work harder, sacrifice, display strong financial discipline, and spend more time self-educating than entertaining.


Excellent advice. I needed to hear that too. Thank you.

Post: Upland CA- San Bernardino CA Real Estate meetup

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23
Quote from @Lisa Tarin:

I would love to attend a future meetup in the Claremont, Upland, or Rancho Cucamonga area and weekends are best for me.


I second that!

Post: Just looking to connect

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23
Quote from @Aj Parikh:

Hi Kenneth, I wouldn't consider updating your home as a set back lol. 

Getting started is one of the toughest things for investors and the fact that you are on Bigger Pockets creating an account and taking action, you are already on the right track. It is just a matter of picking a strategy and taking action. 

I used the long distance real estate investing book by David Greene as a reference to build my portfolio out of state. If that is a strategy that you are interested in, I would love to connect and chat about it. 


I read that book and it was great. I've read a few BP books actually. Need to get a plan in place to move beyond 'education' to 'action.' That's next. Thanks for the connection!

Post: Just looking to connect

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23
Quote from @Lexey Vezzoso:

Hey Kenneth!

I love networking with like minded people as well! Thank you for this post. :) 

My husband and I started investing in real estate about 3 years ago and it has been such a fun and interesting ride. I'm an agent as well with a turnkey company who works a lot with OOS investors. 

Our niche is creative finance and we've obtained all of properties except our primary home this way. If you ever want to learn more about our market or just what we're doing I'd be happy to talk more!

-Lexey 


Tell me about "creative financing." How creative can you get? Haha.

Post: Just looking to connect

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23
Quote from @Todd Rasmussen:

@Kenneth Burdick

I can only be friends if you promise to never spend investible income as disposable income ever again.


I will attempt to do that, haha.

Post: Just looking to connect

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23
Quote from @Kaitlyn Beard:
Quote from @Kenneth Burdick:
Hey guys,

I'm a newbie who is trying to clear some personal debt and save for a first real estate investment property. I thought I was ready a couple years ago but then we ended up upgrading our primary residence and I feel like it set me back a bit, but everything has tradeoffs I guess.

At the moment, just trying to build a better network of people around me who are like minded and on this same path/journey of trying to build passive income over time to gain greater financial freedom down the road. Would love to connect with those are in the same boat or are more experience and wouldn't mind sharing some learnings. Reach out!

Ken

 Hey Ken!

Welcome to the forums. There are many valuable connections that are made on here and you are one step further than a lot of wannabe investors by simply joining in on the forums. The nice thing about the forums is that you do not necessarily need to be geographically close to have those said connections. My best advice is ask away and discuss any questions you have. Those questions will turn into more questions and next thing you know, you're "doing the thing!" 

Best of luck to you, 

Kaitlyn Beard


Thanks, Kaitlyn. I appreciate the encouragement. I just need more "smart voices" around me every day. I'm determined to not be a "wannabe investor" and actually take action. Like they say you're a sum of the people you spend the most time around so I need to make sure my corner is full of winners, so that's why I'm here.

Post: Would you rather have 10k a month in passive income or $1,000,000

Kenneth BurdickPosted
  • New to Real Estate
  • Rancho Cucamonga, CA
  • Posts 58
  • Votes 23

I didn't even put an answer forward, I was explaining a way to approach the question. But thanks for being so pleasant.